Sec Form 4 Filing - McCusker Patrick @ Fast Radius, Inc. - 2022-02-04

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
McCusker Patrick
2. Issuer Name and Ticker or Trading Symbol
Fast Radius, Inc. [ FSRD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
C/O FAST RADIUS, INC., 113 N. MAY STREET
3. Date of Earliest Transaction (MM/DD/YY)
02/04/2022
(Street)
CHICAGO, IL60607
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/04/2022 A 1,538,223 A 1,538,223 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $ 0 02/04/2022 A 33,704 ( 2 ) ( 2 ) Common Stock 33,704 ( 3 ) 33,704 D
Restricted Stock Units $ 0 02/04/2022 A 392,597 ( 4 ) ( 4 ) Common Stock 392,597 ( 3 ) 392,597 D
Options to Purchase Common Stock $ 0.7 02/04/2022 A 467,788 ( 5 ) ( 5 ) Common Stock 467,788 ( 6 ) 467,788 D
Options to Purchase Common Stock $ 0.7 02/04/2022 A 81,186 ( 7 ) ( 7 ) Common Stock 81,186 ( 6 ) 81,186 D
Earnout Shares $ 0 02/04/2022 A 292,004 ( 8 ) ( 8 ) Common Stock 292,004 ( 6 ) 292,004 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
McCusker Patrick
C/O FAST RADIUS, INC.
113 N. MAY STREET
CHICAGO, IL60607
Chief Operating Officer
Signatures
/s/ Patrick McCusker 02/08/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Received pursuant to that certain Agreement and Plan of Merger ("Merger Agreement"), dated as of July 18, 2021, as amended, by and among Issuer, formerly known as ECP Environmental Growth Opportunities Corp., a Delaware corporation ("ENNV"), ENNV Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of ENNV, and Fast Radius, Inc., a Delaware corporation ("Legacy Fast Radius"), in exchange for equity interests of Legacy Fast Radius.
( 2 )Includes 13,684 Restricted Stock Units that are vested and subject to future settlement and 20,020 Restricted Stock Units which vest monthly through May of 2025, subject to the Reporting Person's continuous service.
( 3 )Represents Restricted Stock Units issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
( 4 )Includes 225,691 Restricted Stock Units that are vested and subject to future settlement and 166,906 Restricted Stock Units which vest upon the achievement of certain performance metrics related to the valuation of the Issuer.
( 5 )Includes 257,283 vested Options and 210,505 Options which vest monthly through March of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
( 6 )Represents Options issued by Legacy Fast Radius and assumed by the Issuer on February 4, 2022 as merger consideration under the Merger Agreement.
( 7 )Includes 24,354 vested Options and 56,832 Options which vest monthly through April of 2023. The Options expire on May 20, 2029, subject to the Reporting Person's continuous service.
( 8 )Represents the right to receive shares of the Issuer's Common Stock in two equal tranches, at the time that the Issuer's Common Stock reaches a value of $15.00 and $20.00, respectively, no later than February 4, 2027, based upon the (i) daily volume-weighted average sale price of shares of the Issuer's Common Stock for any 20 trading days within any 30 consecutive trading day period or (ii) the per share consideration received in connection with a change in control.

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